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i~ <br />the second level is exhausted. This machine will cost, set up, some $S,ooo, and was <br />this necessitated before <br />~ <br />urchased with the sanction of your Board of Directors. <br />' <br />t able to do the p <br /> <br />d erected a too- jj <br />.I,~ LVIII~E. It 'i <br />;r, also put in a <br />1 <br />~5 per night over The ore bodies in the first level are about three-fourths worked out, the size of the <br /> streaks being much smaller than in the second level. There are, however, several <br />ht, and handling paY <br />d tons yet to be mined. <br /> thousan <br />second level I estimate ¢o,ooo tons in sight of $t6 ore. This will run the mill <br />th <br /> e <br />In <br />The third level will reach the ore bodies in 30o feet, and as this level is 200 _ <br /> over a yeaz. <br />second level it should produce twice as much ore as the second level. Two <br />th <br /> e <br />feet below <br />n sunk from second level show that the ore bodies go down and increase <br />b <br />perfect in all its ee <br />winzes having <br />about the output of the mine for at least four <br />i <br />pplies required at on <br />in width, so that there can be no quest <br />e of the Silver Lake mine, which has worked up <br />i <br />ty under contract enc <br />years. Beyond that we have the exper <br />after all improvements are <br />inion <br />, <br />tantial as it could , <br />to our end line at a much greater depth still. In my op <br />the mine should easily pay from r'/y <br />including oil, etc. paid for and a surplus acquired, say January t, x897, <br />Until then it will continue to pay one <br />nthl <br />k <br /> y. <br />, mo <br />er cent. oa par value of the stoc <br />r <br /> to t <br />z p <br /> per cent. <br />omise made in the prospectus issued last winter <br /> In conclusion I will say that every pr <br />e of the best in the State of <br />i <br /> s on <br />has been fully carried out, and the Company's property <br />opened, preparing <br />to handle it. The Colorado. . <br />Respectfully submitted, <br />~mmodation of fifty J. H. ROBIN, <br />etc. A large two- Manager. <br />:en built. It con• <br />for t25 men, bath <br />in solid rock, cost <br />hich added greatly <br />ae point where the <br />= started until next <br />These have been <br />up the empty one. <br />ooo, and it will be <br />third level, where <br />r drills. The plant <br />machine will drive <br />Month by haud work. <br />ire bodies opened up <br />i. <br />~•r I <br />Y <br />I <br />4 ~~ <br />L . <br />